US EditionVirgin Media O2 Owners in Talks to Buy UK Broadband Rival Netomnia, Sources Say
16 Articles
16 Articles
Bankinter Market Consensus For the purchase of VMO2, 50% staked by Telefónica, it has created a joint fiber company, Nexfibre, with InfraVia Capital. With 3 million households, Netomnia is the fourth largest broadband network in the UK. The combined network will cover 8 million households with fiber and will give VMO2 access to about 20 million facilities vs 30 million households covering BT’s fiber subsidiary, Openreach (21 million with fiber …
Telefónica and Liberty Global, partners of Virgin Media O2, finalise Netomnia's purchase through Nexfibre, expanding its fiber coverage to 8 million households in the UK. Virgin Media O2 has not wanted to comment on the operation.
An agreement between Nexfibre and Netomnia would give Virgin Media O2 access to 8 million households and 20 million premises in total
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